Havells India Q4 Profit Rises 40%, Margins Contract – BW Businessworld
Revenue growth remains muted and misses estimates, while operating margins narrow; board recommends final dividend for FY26
Havells India on Wednesday reported a year-on-year rise in its consolidated net profit for the quarter ended 31 March 2026, even as revenue growth remained modest and operating performance weakened.
The company posted a consolidated net profit of Rs 723 crore in Q4 FY26, up about 40 per cent from Rs 518 crore in the corresponding period last year, according to regulatory filings.
Revenue from operations rose 2.5 per cent year-on-year to Rs 6,705 crore during the quarter, compared with Rs 6,544 crore in Q4 FY25.
At the operating level, Ebitda declined 3.6 per cent to Rs 729 crore from Rs 757 crore in the year-ago period. Consequently, Ebitda margin contracted to 10.9 per cent from 11.6 per cent in the corresponding quarter of the previous fiscal.
Final Dividend Declared
The board of Havells India has recommended a final dividend of Rs 6 per equity share of face value Rs 1 each, translating to 600 per cent for FY26. This is in addition to the interim dividend of Rs 4 per share declared earlier during the financial year.
"The Final Dividend, if approved by the shareholders in the forthcoming Annual General Meeting (AGM) of the Company, shall be paid/ dispatched to the shareholders on or before 30 days from the date of AGM," the regulatory filing read.
As of 22 April 2026, the company's total market capitalisation stood at Rs 86,555.17 crore, as per NSE data.
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